Prev- Founder & CEO ... • 1y
India with a population of 1.4 Billion has more than 54% of teens and youth. India has a working population of 500M - we are still exam-driven not skill-driven. Even with all government reforms, India is the most challenging country to build a business in. Only 500K businesses make more than 10crore per annum, and close to 5 million businesses in India don’t even make Penny Close to 10,000 businesses make more than 500crore in revenue every year The reason? Our per capita income is meager, most homes are single-income households India's per capita income is INR 150,000 If you make more than 25,000 you belong to the top 10% of India I started looking into top revenue-making tech companies and all of them worked on one common function that made them so much money. That is the business of opportunity, if most people don't make sufficient money - the best way to create wealth for yourself is by helping other people make money or get opportunities. Amazon, Zomato, Dream11, Unacademy and Zepto are in the same business
Startups | Product • 1y
Unfiltered thoughts (5/5) There are 3 types of India: India-1 ~Population of 110 Mn ~Per capita income of $10k ~Buys from Flipkart, watch Netflix, drink Starbucks coffee ~Contributes to 40% of India GDP ~Fluent with English ~35Mn credit card users
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Indians hate startups, especially companies that burn money and raise money but the truth is that 99% of Indian businesses don't make money See in India there are only 13M small businesses,88% of them are sole proprietors Out of 13M businesses, 5M
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BMW is the best luxury car across the globe, in fact in they made close to $150 Billion in revenue in FY22 Interestingly their India business contributes only 0.5% of their overall revenue, but why are they failing in India? See, what works in the
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Most small businesses fail in India, 50% of small businesses don't even make a rupee but why is that, To Give you a deeper understanding, There are only 11M small businesses in India,88% of them are sole proprietors Out of 11 Million businesses
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